Long
Aeternity Trying To Recover | Next (57%) Target Mapped
Aeternity (AEBTC) just had a strong bounce and is trying to recover.
Even though prices moved below our 'MAIN SUPPORT' and a new low was hit, the week closed above the 8-Jan low (0.00001616) which maintains the bullish chart structure.
Back to the chart above, looking at the candle printed on the 13 March, this looks like a bullish hammer. This is a reversal candle because of the long-wick down and the bullish/green close. This same candle is supported by high volume.
There is also divergence going on with the indicators.
With all these signals in-play, we lean towards AEBTC going up (green arrows) in the next few days.
Thanks a lot for reading.
Namaste.
Even though prices moved below our 'MAIN SUPPORT' and a new low was hit, the week closed above the 8-Jan low (0.00001616) which maintains the bullish chart structure.
Back to the chart above, looking at the candle printed on the 13 March, this looks like a bullish hammer. This is a reversal candle because of the long-wick down and the bullish/green close. This same candle is supported by high volume.
There is also divergence going on with the indicators.
With all these signals in-play, we lean towards AEBTC going up (green arrows) in the next few days.
Thanks a lot for reading.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.